Should couples have seperate or joint accounts?

Question

If both parties work should they share an account or have seperate accounts?

Answer 1

they should have both a separate and joint account

Answer 2

We tried separate accounts at the start of our marriage and it seemed one account was always very low and another got higher. When we realized that fees were killing us, we pooled our money into one account and haven't paid a penny in fees with our joint account which works much better for us. Keeping up with the ledger is very important to a joint account and since my wife and I both do it, a joint account is better for us. Joint accounts are good if one spouse dies. The only problem would be in the case of divorce, but my wife and I are in it for always so that is moot.

Answer 3

I would consider a joint account where the bulk of the money goes for bills and expenses, as well as a savings account (joint or separate). You can also each have your own checking accounts...try taking a certain amount out of your weekly pay and put it into that account. That way, the bills are always paid and the two of you have a little "allowance" to do what you like with.

Answer 4

If your married joint but I suggest the joint be for bills and things of household nature, but on the side I think it is ok to have a bank account just in your name just to save up you never know whats going to happen. As happy as your marraige seems you never know(from experience). IF your not married I would keep it seperate.

Answer 5

That's between each and every couple.

A good way could be like a challenge on who can save the most money. Make a game out of it. BUT that isn't really fair is it, when 90% of men make more per hour!

A plan I've heard about goes this way:
IF each are working, have the bills planned out to make it fair and equal for the couple.
Then, have a planned allowance for each per week.
Then put the rest in an account which both of them have access too. OR if theres not alot of trust, put the remaineder in seprt. accounts.

Answer 6

From a bankers experience. If you have jt accts (lets say a checking). Down the road if u get divorced or break up. In order to remove a name a checking has to be closed, (for certain financials) Also do u trust the person that u are with to handle the funds, She/he could run away and empty the acct without your knowlede. I have seen it a million times. Keep separate accounts it will be much easier in the long run. I dont care how much u trust that person.

Answer 7

well my bf and i have a joint account so we can pay bills and that kinda stuff but we both have seperate checking accounts i think his only has 17 bucks in it or so he said and mine i put 20 bucks every 2 weeks in it and im gonna use it for xmas money i don't use it other wise

and we said if we break up we are gonna split that money 50 50

Answer 8

Well a joint account can be used for the bills.
I think on savings it depends. Either the husband or the wife might spend too much which calls for separate accounts. In our marriage we have both. No secretes we both know about our accounts.

Answer 9

Depends on the couple. I personally don't have a problem with a joint account as I trust my Man completely.

Answer 10

We have two accounts, both joint. However, for the first year of our marriage I had a seperate account because we lived in different countries and it had to be that way.

I think that whenever you marry someone you take on everything together. That includes money.

Answer 11

IF the two have individual decrease fee fees money owed and doubtless a joint account of a few variety, it is probable greater advantageous. the two having unmarried get admission to to adequate funds to stay various months on on my own reduces the flexibility for one to coerce the different (many times the girl) into doing something she ought to remorseful approximately. It additionally shall we her function as a peer and a guy or woman to him extremely of a spouse. The joint account--as long as the two are actively monitoring the money--can artwork if communication and identifying to purchase priorities are the comparable. in any different case, budgeting and then disbursing to each that area of the funds they're in charge for is probable the greater advantageous concept.